Salvo Co. had the following transactions in the last two months of its year ended December 31. Prepare entries for these transactions under the method that records prepaid expenses as expenses and records unearned revenues as revenues. Also prepare adjusting entries at the end of the year. 
Definitions:
Intervention
An action or process of intervening, often implemented to bring about a change or influence the outcome in a positive way.
Chi-Square Test Statistic
A value calculated during a Chi-Square Test that measures the difference between observed and expected frequencies, used to assess the evidence against a null hypothesis.
One-Sample Test
A statistical test used to determine if the mean of a single sample differs significantly from a known or hypothesized population mean.
Variance
A measure of dispersion that represents the average of the squared differences from the mean.
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